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Q. |
A voluntary arrangement between two or more parties that is enforceable by law as a binding legal agreement is known as |
A. | job |
B. | loan |
C. | contract |
D. | mutual fund |
Answer» C. contract | |
Explanation: a contract arises when the parties agree that there is an agreement. formation of a contract generally requires an offer, acceptance, consideration, and a mutual intent to be bound. each party to a contract must have capacity to enter the agreement. |
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